Word: claim
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...best option for taxpayers but is a reasonable way to handle this." But if you don't file by April 15, you can lose out on filing for 2005, Tipograph said, since there's a rolling three-year time limit. One can, however, file a "protective refund claim" form, a kind of placeholder that keeps the 2005 return open...
...Ponzis have four ways to reclaim taxes paid on fraudulent income, the first being a good old-fashioned "theft loss" deduction, which allows a person to go back three years and reclaim taxes paid. Currently, no deduction can be made on the original investment, especially if an SIPC claim has been made...
...third option, a "claim of rights credit," is most beneficial, he said. It allows victims to claim a credit on their 2008 tax return for all taxes paid on Ponzi income going back to the first investment year. The catch, according to Tipograph, is that "it's never been tested in regard to Ponzis." This option is typically used in insider-trading cases, when tax monies need to be returned. (See 25 people to blame for the financial crisis...
...Leading the final game of the match 40-30, Jania could not convert her first match point and the game went to deuce. At that point, Jania forced a break opportunity and then softly angled her overhead put-away across the court to claim the victory...
...Which once again argues for knuckling down on the banking issue, because that's a matter of unquestioned urgency. Political opportunists will no doubt jockey to claim credit or place blame, but ultimately everyone is looking to the Administration for leadership in this area, and only ideologues will grumble if Obama manages to find a way through it. The President and his team were elected to fix the economy, a senior Republican acknowledges, but the electorate is less clear, he argues, on the rest of the Obama agenda...